$1,300,000
Glendale, AZ 85303
MLS# 5547992
Status: Closed
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Property Description
Glenn Isle is a 22-unit garden style apartment community located in a highly desirable Glendale location that has recently been completely renovated and repositioned with premium finishes. The property is made of block construction with pitched composition shingle and built-up foam roods and is individually-metered for electricity. The unit mix consists of 14 one-bedroom units and 8 two-bedroom floor plans that are very well designed and rand in size from 550 to 800 square feet. The units have been extensively renovated and feature modern shaker style cabinetry with brushed nickel hardware, new countertops, faux wood vinyl flooring, full-size black electric appliances, fiberglass shower surrounds with new brushed nickel fixtures, contemporary bathroom vanities and premium light fixture
Details
Maps
Contract Info
Current Price: $1,300,000
Sold Price: $1,300,000
Status: Closed
List Date: 2016-12-20
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M31
House Number: 6802
Compass: W
Street Name: Glendale
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85303
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 3 GLEN WEST ESTATES MCR 010334
Subdivision: GLEN WEST ESTATES
Assessor's Map #: 28
Assessor's Parcel #: 9
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 143-28-009-A
Legal: LOT 3 GLEN WEST ESTATES MCR 010334
Census Tract: 92705
Tax Municipality: Glendale
Taxes: 5641
Tax Year: 2016
Marketing Name: Glenn Isle
General Property Description
Lot Size Dimensions: 93' x 265'
Year Built: 1968
Uncvrd Parking Spcs: 22
Total # of Units: 22
# of Buildings: 5
Zoning: R-4
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 67th Avenue and Glendale
Geo Lat: 33.538355
Geo Lon: -112.205347
Status Change Info
Status Change Date: 2017-10-02
Off Market Date: 2017-09-18
Under Contract Date: 2017-09-18
Close of Escrow Date: 2017-09-29
Sold Price: $1,300,000
Legal Info
Township: 2N
Range: 1E
Section: 1
Lot Number: 3
Income & Expenses
Owner Association: No
Operating Exp: 5641
Gross Annual Sch Inc: 162600
Other Income: 2200
Vacancy Allowance: 0.07
Adjusted Gross Inc: 153264
Net Operating Income: 86908
Pmt & Rate Info
Cap Rate: 6.69
Down Payment: 390000
Down Payment %: 30
Equity: 1300000
1 Bedroom Units
# 1 Bedroom Units: 14
Avg Rent: 575
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 675
Avg SqFt: 800
# Baths: 1
Contact Info
List Agent Home Phn: 602-735-5634
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Payment Includes: Principal; Interest
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System
Interior Amenities: Unfurnished; Vertical Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual
Cooling: Electric; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas; Master Meter
Parking: 1 Space/Unit; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: CBRE, Inc
Last Updated: October - 02 - 2017
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